Reader Priya asks —
I stumbled upon your site today while searching for ideas to choose a good term plan, given that there are an array of products available online and offline. I understand that with your analysis, AEGON Religare iTerm Plan is the better of the plans in the market. I also understand that its premiums are the lowest too.
But I read another article where the claim settlement ratio was given a lot of importance along with the premium amount. So, now I am really confused since AEGON Religare does not seem to be settling claims as much as it should. I would like to know your point of view on this front.
While I certainly have my own set of thoughts on this topic, I’d like to throw open the floor to you and hear what you have to say (given that the key performance indicator of Claim Settlement Ratio seems to cause a lot of debate and headaches). The most well thought through response wins a copy of the brand new book “Beginner’s Guide to Investing with Confidence” from Value Research.
Deadline for your responses is next Friday (April 12, 2013) morning. I’ll pick a winner then but I will be sharing my thoughts and arguments to your responses through the week.